USD 16.5 billion
Medical Gloves Market Size, Share, Growth Analysis, By Product Type (Examination, Surgical), By Sterility (Sterile Gloves, Non-Sterile Gloves), By Form Type, By Raw Material Type, By Usage Type, By Distribution Channel, By End User, By Region - Industry Forecast 2024-2031
Report ID:
SQMIG35A2789 |
Region:
Global |
Published Date: February, 2024
Pages:
219
|Tables:
59
|Figures:
76
Medical Gloves Market Insights
Global Medical Gloves Market size was valued at USD 16.5 billion in 2022 and is poised to grow from USD 18.2 billion in 2023 to USD 39.87 billion by 2031, growing at a CAGR of 10.3% during the forecast period (2024-2031).
The global surgical gloves market is driven by factors such as increasing awareness of hygiene standards, rising healthcare expenditure, and the growing demand for gloves in various medical procedures. Additionally, the COVID-19 pandemic has further fueled the demand for medical gloves globally, as they play a crucial role in protecting frontline healthcare workers. The market is characterized by the presence of numerous manufacturers and suppliers, offering a wide range of gloves such as from different materials such as latex medical gloves, nitrile medical gloves, and vinyl medical gloves.
These gloves are class I restricted medical equipment under FDA regulation. One of the methods for preventing infections is the medical glove. Medical gloves are a useful tool for preventing infections and germs in the healthcare environment because they act as a barrier between pathogens and the hands of the users. To finish the building of its manufacturing facility in Grove City, Ohio, American Nitrile, LLC announced in March 2022 a strategic alliance with Orion Infrastructure Capital. Twelve production lines with a combined annual capacity of 3.6 billion nitrile gloves were to be completed with the help of USD 105 million from OIC under the terms of the agreement. Even if a patient appears healthy and shows no symptoms of infection, it is advised that HCPs always wear medical gloves whenever they come into contact with the patient's blood, body fluids, bodily tissues, mucous membranes, or broken skin. By design, there are either single-use or disposable medical gloves.
US Medical Gloves Market is poised to grow at a sustainable CAGR for the next forecast year.
Market snapshot - 2024-2031
Global Market Size
Largest Segment
Examination
Fastest Growth
Examination
Growth Rate
10.3% CAGR
Global Medical Gloves Market 2022-2030 ($ Bn)
Country Share for North America Region- 2022 (%)
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Medical Gloves Market Segmental Analysis
Global Medical Gloves Market is segmented by product type, sterility, form type, raw material type, usage type, distribution channel, end user and region. Based on product type, the market is segmented into examination, surgical, chemotherapy and medical gloves services. Based on sterility, the market is segmented into sterile gloves and non-sterile gloves. Based on form type, the market is segmented into powdered form and powdered-free. Based on raw material type, the market is segmented into latex, nitrile rubber, vinyl rubber and polyisoprene. Based on usage type, the market is segmented into disposable, reusable and others. Based on distribution channel, the market is segmented into direct selling, medical store, online and others. Based on end user, the market is segmented into hospitals, clinics, ambulatory surgery centre, diagnostic centres, rehabilitation centres and others. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa.
Global Medical Gloves Market Analysis by Applications
With the largest medical gloves market share and a projected CAGR of 9.29% for the projection period, the examination sector currently dominates the medical gloves industry. The spread of infectious agents between patients and healthcare professionals is prevented by the use of examination gloves. In the market, they are offered in both sterile and non-sterile forms. In medical examinations, diagnostic examinations, and other lab procedures that also favor examination gloves, the majority of examination gloves are made of latex. Since the FDA imposed restrictions on the sale of powdered gloves, most examination gloves are powder-free.
One of the key consumers for companies that produce disposable gloves is the surgical glove industry. Due to the rising number of operations worldwide, surgical gloves are continuously in demand. The surgical gloves are produced as single-use items, so the user must buy a fresh set for each new surgery. They are seen as recurring revenue for vendors as they are only ever used once. The vast majority of surgical gloves are powder-free because they are less unpleasant and drier than powdered gloves.
Global Medical Gloves Market Analysis by Form
Since it accounts for the largest share of the medical gloves market, the non powdered category is expected to expand at a CAGR of 10.13% during the forecast period. Since corn flour isn't used in the production of these gloves, they are more resilient, adaptable, and user-friendly. Particularly for surgical and examination gloves, it is highly preferred in the medical field. In affluent nations like the EU, US, Japan, and other nations that have outlawed powdered gloves, powder-free gloves are overwhelmingly chosen. It is suitable for end users and free from allergies and other airborne illnesses thanks to its user-friendly nature. One of the market's top revenue-generating products is the powder-free glove.
Corn flour has been added to powdered gloves to make them more comfortable to wear, particularly in hectic working environments. They can also help to keep gloves from clumping together. When it comes to end users who struggle with sweaty palms, powdered gloves are highly preferred. These gloves include corn flour, which absorbs excess moisture and keeps hands dry by preventing them from slipping within the fabric. These gloves' ease of use in terms of being simple to put on and take off is one of their key user-friendly qualities.
Global Medical Gloves Market Size By Application 2022(%)
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Medical Gloves Market Regional Insights
The largest market share holder for medical gloves globally is North America, which is projected to expand at a CAGR of 7.97% over the forecast period. The North American region's aging population is increasing demand for surgical procedures, which has led to an increase in the number of operations carried out there. Due to these causes, there are now significantly more individuals in need of successful medical care and surgical treatments, which is likely to fuel market expansion. Over the coming years, it is anticipated that advantages associated with minimally invasive surgical procedures, such as the absence of cuts or incisions on body parts, little to no blood loss, improved patient care, and increased patient experiences, would help drive market expansion.
Over the projection period, Europe is anticipated to develop at a CAGR of 10.27%. The ageing of the population, the prevalence of chronic diseases, the emergence of epidemics and pandemics, the rise in minimally invasive surgical procedures, the increase in hospitalization, the increased risk of HAIs in healthcare settings, and the promotion of the use of double-gloving are important factors boosting the market's growth in Europe. The highest market share for medical gloves in Europe is held by Germany, France, Italy, Spain, and the UK. The majority of nations offer free or inexpensive healthcare to all citizens, including surgery through insurance and reimbursement programmers. Medical gloves are used more frequently as a result of the increase in surgical procedures in European nations.
Global Medical Gloves Market Size By Geography, 2022-2030
- Largest
- Fastest
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Medical Gloves Market Dynamics
Global Medical Gloves Market Drivers
An increase in surgical operations and patient examinations
- The public health care system has always relied heavily on surgery. Acute and chronic disorders are becoming more common, and procedures are being performed more frequently to treat them. In the United States in 2018, nearly 18 million people got surgical and minimally invasive aesthetic procedures, according to the American Society of Plastic Surgeons (ASPS). Unique medical gloves are more in demand as there are more procedures. The patient examination is among the most often done procedures on patients in a medical context. Healthcare workers handle patients while wearing medical gloves because of the rising number of these operations.
An increase in surgical operations and patient examinations
- Increasing Demand for Sustainable and Biodegradable Medical Gloves. It takes decades for medical gloves, which are mostly used in the healthcare industry, to break down. Because of this, businesses are now offering disposable medical gloves on the market in an effort to solve the problem and make goods that are beneficial to both people and the environment. The development of more biodegradable, sustainable, protein-free, and natural rubber gloves is allowing manufacturers to produce gloves with less energy consumption. More quickly than synthetic rubber, natural rubber can biodegrade gloves. Because of their strong chemical resistance, low allergy rate, and biohazard protection, nitrile medical gloves are commonly utilised. The ecosystem is protected, and they decompose into the current production procedure.
Global Medical Gloves Market Restraints
Health Hazards Associated with the Use of Fake Medical Gloves
- The term "counterfeit" refers to any medical product when its identity and/or origins are misrepresented in any way. A study by the WHO found that one in ten of the medical items circulating in LMICs are either poor or phoney. For example, fake medical gloves may not be sterile even if they may be labelled as such, putting the user at risk for infection. Customers, particularly those in underdeveloped nations, are more prone to go for these low-cost imitation solutions because of the price and shortage of medical gloves. Instead of providing immunity from the virus, such subpar or fake goods have the potential to harm consumers' health much more.
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Medical Gloves Market Competitive Landscape
Manufacturers use a variety of tactics, such as acquisitions, mergers, joint ventures, new product developments, and geographic expansions, to increase industry penetration and meet the varying needs of different end users, such as hospitals, home healthcare providers, and outpatient/primary care facilities.
Top Player’s Company Profiles in Medical Gloves Market
- Ansell Limited (Australia)
- Top Glove Corporation BHD (Malaysia)
- Hartalega Holdings Berhad (Malaysia)
- Supermax Corporation Berhad (Malaysia)
- Kossan Rubber Industries Bhd (Malaysia)
- Cardinal Health, Inc. (United States)
- Medline Industries, Inc. (United States)
- Semperit AG Holding (Austria)
- Kimberly-Clark Corporation (United States)
- B. Braun Melsungen AG (Germany)
- Paul Hartmann AG (Germany)
- Kanam Latex Industries Pvt Ltd (India)
- Shandong Yuyuan Latex Gloves Co., Ltd (China)
- Smart Glove Corporation SDN Bhd (Malaysia)
- Riverstone Holdings Limited (Singapore)
- Dynarex Corporation (United States)
- Cypress Medical Products, LLC (United States)
- TG Medical (USA) Inc. (United States)
- Halyard Health (United States)
Global Medical Gloves Market Recent Developments
- In April 2023, Top Glove Corporation, the world's largest glove maker, announced that it would invest USD 1.2 billion to expand its production capacity. The company plans to add 12 billion gloves per year to its production capacity by 2025.
- In March 2023, Ansell Limited, a leading manufacturer of personal protective equipment, announced that it had acquired Molnlycke Health Care's surgical gloves business. The acquisition will strengthen Ansell's position in the global medical gloves market.,
- In February 2023, Cardinal Health, a leading distributor of healthcare products, announced that it had signed a definitive agreement to acquire Dynarex Corporation, a manufacturer of medical and surgical products. The acquisition will expand Cardinal Health's product portfolio and strengthen its position in the global medical gloves market.
Medical Gloves Key Market Trends
- Through ongoing research and development initiatives, producers are exploring ways to create new disposable gloves. As the prevalence of healthcare-associated infections among patients and healthcare personnel has increased, a more modern medical glove that eliminates bacteria without the use of chemicals has been created. With collaborators from Chemical Intelligence UK, an antimicrobial research and development business, and Hartalega Malaysia, a manufacturer of medical gloves, the University of Nottingham created this kind of medical glove. Furthermore, it is possible to create medical blood-repellent gloves (MBRG) by applying blood-repellent mist spray (MS) on regular medical gloves. These gloves can then be utilised right away. Additionally, these gloves have the ability to stop the spread of Escherichia coli and Staphylococcus aureus and accelerate the healing of cuts and scrapes.
Medical Gloves Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates and Analyses the Data collected by means of Primary Exploratory Research backed by the robust Secondary Desk research.
According to our analyses, the global medical gloves market has witnessed substantial growth, driven by factors such as the rising prevalence of infectious diseases, increased awareness of hygiene and safety protocols, and the growing demand for medical gloves in various healthcare settings. The market size has expanded considerably and is projected to continue growing in the coming years. That market dynamics can change over time due to various factors, including evolving healthcare needs, regulatory changes, and emerging technologies. Therefore, staying up to date with the latest market trends and developments is crucial for both industry players and investors in the medical gloves market. The market is likely to witness technological advancements, product innovation, and increased adoption of eco-friendly and sustainable glove materials.
| Report Metric | Details |
|---|---|
| Market size value in 2022 | USD 16.5 billion |
| Market size value in 2031 | USD 39.87 billion |
| Growth Rate | 10.3% |
| Base year | 2023 |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Medical Gloves Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Medical Gloves Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Medical Gloves Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Medical Gloves Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Medical Gloves Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Medical Gloves Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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